Hartpury Annual Report July 2025

Hartpury University Annual Report and Financial Statements > 2024/2025

Notes to the Financial Statements (continued) Year Ended 31 July 2025

Year ended 31 July 2025 Consolidated £’000

Year ended 31 July 2024 Consolidated £’000

Page

Line item/related disclosure

Statement of Financial Position Cash and cash equivalents

0 25

0 SOFP (cash and cash equivalents)

0 6,589

0 7,145

40 Accounts receivable (net)

Note 12 (Trade other receivables)

1,686

1,249

SOFP (Stock) and note 12 (Other Debtors, Prepayments and Accrued Income)

25 & 40

Prepaid expenses – including stock

1,947

1,647

25

Property, plant and equipment (net)

SOFP (Tangible Assets)

81,728

79,138

Total Assets

91,950

89,180

40 Line of credit – short term

Note 13 (Unsecured loan)

2,324

2,254

Note 13 (trade payables and Accruals)

40 Accrued expenses/Accounts payable

6,745

5,707

Note 13 and Note 14 (Deferred income)

40 Deferred revenue

28,164

26,444

25

Post-employment and pension liability

SOFP (Pension Provisions)

-

-

SOFP (Other provisions and Note 13 (Other creditors and Other taxation and social security)

25 & 40

Other liabilities

2,314

3,440

41

Line of credit for long term purposes

Note 14 (Unsecured Loans)

17,942

20,265

Total Liabilities

57,489

58,110

Net Assets without Donor Restrictions

34,013

30,662

SOFP (Income and expenditure reserve – restricted reserve)

25

Other restricted reserves by purpose or time

447

447

Total net Assets with Donor Restrictions

447

447

Total Net Assets

34,461

31,069

Total Liabilities and Net Assets

91,950

89,180

Changes in Net Assets without Donor Restrictions Operating revenue and Other Additions

34 Tuition and fees, net

Note 3

23,372

21,803

34 Contributions

Note 2

20,454

19,105

34 Investment return appropriated for spending

Note 5

129

132

34 Auxiliary enterprises

Note 4

15,441

14,649

Total Operating Revenue and Other Additions

59,396

55,689

Operating Expenses and Other Deductions Education and research expenses

37

Note 7 (Teaching costs)

6,993

6,444

23

Depreciation and amortisation

SOCI

3,822

3,625

37

Interest expense

Note 8 (Financing costs)

1,162

1,298

70